In the next two years, it is predicted the country will spend a significant amount of money on homeland security, intelligence and cyber security. This is due to the increasing hazardous geopolitical environment, terrorist threats and internal security concerns.
Combining detailed analysis on the current industry size and growth expectations, this report provides the reader with key market insight to gain a comprehensive understanding of the Indian defense industry.
- India’s defense expenditure was US$37.47 billion in 2012, and grew at a CAGR of 12.36% during the review period.
- The country’s defense expenditure grew at a rapid pace due to the external threats it faces from hostile neighbours.
- The country’s strong economic growth has also supported the defense budget’s growth. The total expenditure on defense during the review period was US$158.49 billion.
Industry Report Store is the most comprehensive online resource for market research reports, analysis, news and expert commentary on 40 industries in over 100 countries. Find over 150,000 global and country sector reports, consumer trend reports, company profiles and market guides, all available for online purchase.